Price for Hair; Coarse Animal Hair, Carded or Combed in Nigeria - 2022

Contents:

1. Price for Hair; Coarse Animal Hair, Carded or Combed in Nigeria (FOB) - 2022
2. Price for Hair; Coarse Animal Hair, Carded or Combed in Nigeria (CIF) - 2022
3. Exports of Hair; Coarse Animal Hair, Carded or Combed in Nigeria
4. Imports of Hair; Coarse Animal Hair, Carded or Combed in Nigeria

Price for Hair; Coarse Animal Hair, Carded or Combed in Nigeria (FOB) - 2022

In 2022, the average export price for hair; coarse animal hair, carded or combed amounted to $1,139 per ton, growing by 17% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $1,167 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($2,000 per ton), while the average price for exports to China stood at $1,137 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+13.7%).

Price for Hair; Coarse Animal Hair, Carded or Combed in Nigeria (CIF) - 2022

The average import price for hair; coarse animal hair, carded or combed stood at $14,889 per ton in 2020, picking up by 1,008% against the previous year. Over the period under review, the import price saw significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2018 to 2020, the rate of growth in terms of prices for China amounted to +230.5% per year.

Exports of Hair; Coarse Animal Hair, Carded or Combed in Nigeria

In 2022, approx. 346 kg of hair; coarse animal hair, carded or combed were exported from Nigeria; rising by 26% on the previous year. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 36%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of hair; coarse animal hair, carded or combed skyrocketed to $394 in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 50%. The exports peaked in 2022 and are likely to continue growth in the near future.

Top Export Markets for Hair; Coarse Animal Hair, Carded or Combed from Nigeria in 2022:

1. China (344.0 kg)
2. Belgium (1.0 kg)

Imports of Hair; Coarse Animal Hair, Carded or Combed in Nigeria

In 2020, imports of hair; coarse animal hair, carded or combed into Nigeria surged to 94 tons, picking up by 562% on 2019 figures. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of hair; coarse animal hair, carded or combed skyrocketed to $1.4M in 2020. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Hair; Coarse Animal Hair, Carded or Combed to Nigeria in 2022:

1. China (93.7 tons)

Source: IndexBox Market Intelligence Platform